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Flexible discrete choice modeling using a multinomial probit model, part 1

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\(\newcommand{\xb}{{\bf x}} \newcommand{\betab}{\boldsymbol{\beta}} \newcommand{\zb}{{\bf z}} \newcommand{\gammab}{\boldsymbol{\gamma}}\)We have no choice but to choose We make choices every day, and often these choices are made among a finite number of potential alternatives. For example, do we take the car or ride a bike to get to work? Will we have dinner at home or eat out, and […]

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